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5@5: Uber Eats to cover 70 percent of US population | General Mills invests $40M in alternative dairy5@5: Uber Eats to cover 70 percent of US population | General Mills invests $40M in alternative dairy

Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

October 23, 2018

2 Min Read
5@5: Uber Eats to cover 70 percent of US population | General Mills invests $40M in alternative dairy

Uber Eats is expanding to cover 70 percent of US population by end of year

Uber already covers more than half of the US population, but they’re not planning on stopping expansion anytime soon. This is largely because 40 percent of the brand’s new Uber Eats patrons are also new to Uber itself, fueling the company’s growth at a rapid pace. In the future Uber also plans to use drones to deliver food, and it is launching a self sign-up process for restaurants to easily become partnered with the company. Read more at Tech Crunch ...


Vegan expansion: General Mills leads $40M investment in Kite Hill


Kite Hill, a plant-based company focusing on alternative dairy products such as almond milk-based probiotic yogurt and cream cheese, has been the recipient of a major investment led by none other than General Mills. Consumer demand for plant-based options in all sectors of food retail has only increased in the past few years, and the dairy industry especially has felt the sting of alternative plant-based products. Kite Hill CEO Rob Leibowitz states that the company will “be investing substantially in factory capacity expansion” with the funding. Read more at Food Ingredients First 


Walmart and Target are trying to capitalize on Trader Joe’s ‘Two-Buck Chuck’ success

Companies are scrambling to create private label, cheap wine selections that, in the words of Walmart’s senior wine buyer, “drink like a $30 to $40 bottle.” As more Americans replace their Budweisers with wine and cocktails, retailers want to give customers the opportunity to feel as though they are indulging without breaking the bank. Companies such as Trader Joe’s, Costco and Lidl have alreadt proven the success decent wine at a relatively low price can bring to overall sales. Read more at CNN  …


Quaker bets oat milk is more than just a passing fad

If you’ve been following the “cultlike” rise of thick, oat-based milk Oatly, you won’t be surprised that the big guys are trying to get in on the oat beverage business. Namely, the big oat guys themselves, Quaker. Quaker’s angle is that their oat-based milk alternative contains a soluble fiber from oat bran, beta-glucan, that could prevent heart disease. Read more at NY Times …


Judge reduces jury award against Bayer’s Roundup to $78.5 million

The onslaught of lawsuits against Bayer AG’s Roundup weedkiller hasn’t slowed. After the company acquired Monsanto Co., it inherited thousands of them. Now a new ruling released on Monday from the judge states that “regardless of the level of reprehensibility of Monsanto’s conduct, the constitutionally required ratio is one to one,” and the punitive damage award has been reduced by more than $200 million. Read more at The Wall Street Journal …

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